Walker wills N4.2bn to daughter

Walker’s teenage daughter is the sole beneficiary of the actor’s entire property, which is valued at an estimated N4.2 billion ($25 million), court records show.The star’s final Will and testament was filed Jan. 28 in Santa Barbara and calls for his father to serve as executor of the estate and for his mother to serve […]

Walker’s teenage daughter is the sole beneficiary of the actor’s entire property, which is valued at an estimated N4.2 billion ($25 million), court records show.
The star’s final Will and testament was filed Jan. 28 in Santa Barbara and calls for his father to serve as executor of the estate and for his mother to serve as guardian of the actor’s 15-year-old daughter.
The Will was prepared and signed in 2001, the same year Walker starred in the first ‘Fast & Furious’ film that launched the successful film franchise and will continue generating millions for the actor’s estate.
Walker was best known for playing Brian O’Conner in the ‘Fast & Furious’ films.
He died Nov. 30 in a fiery car crash in Los Angeles County. He was a passenger in a specialty Porsche driven by friend and financial adviser Roger Rodas that burst into flames after colliding with a light pole and tree. The late actor was 40.
A coroner’s report said investigators found no mechanical problems with the Porsche, which may have been going 100 mph or more before it crashed.
Much of the actor’s wealth came from unspecified personal property, which is currently worth N1.34billion ($8 million), and a home worth an estimated N1.68billion ($10 million), court filings show.
The records show Walker’s estate is expected to earn another N1.34billion ($8 million), some of which is likely related to the seventh ‘Fast & Furious’ film scheduled to be released in April 2015.
Shooting of the film was halfway complete when Walker was killed. Universal Pictures has said Walker will remain in the film, but hasn’t laid out how it will handle footage that had already been shot. The actor appeared in all but one installment of the popular street racing films.
As for how Meadow is coping with her father’s death just over two months after he passed away in the fiery car crash, a source close to the family says Meadow is living with her mom and “doing fine.”
“She is with her mother and is back to normal, spending time doing her schoolwork and being with friends”.
The filings of the Will also call for the actor’s father, Paul William Walker III, to have authority to sell or invest estate property as needed.
Walker’s mother, Cheryl Ann Walker, is named as the guardian of the actor’s daughter. She was also appointed to oversee Meadow’s portion of the estate until she reaches adulthood.
The late actor and his teenage daughter who moved from Hawaii to live with him were working on their relationship before his passing.